UrbanTurf, the D.C. real estate blog, recently found that 1 in 4 homes in the District is priced above $1 million. As discouraging as that may sound to those making less than six-figure salaries, the quest to buy a home is not hopeless. You just need to know where to look and where to compromise.

In this market, the average first-time home buyer is likely to spend about $300,000. To some, that might sound like a lot of money. But in this area, where housing costs are high, it is typical. Half the homes in the District sold for $561,775 or more, according to Zillow. In the metropolitan region, the median sale price was $407,325. The national median sale price was $236,450.

Homes in the $300,000 price range don’t last long. Low inventory, low interest rates and a strong job market have inflamed what already was a competitive market, said Jonathan DeHart, a real estate agent with Long & Foster. He noted that investors are active at this price point, especially corporations buying units where their employees can stay temporarily during their work in Washington.

“It’s definitely an underserved market at this time,” DeHart said. That’s bad news for first-time home buyers, who wind up competing against investors for the same properties.

The salary you need to afford a $300,000 home depends on a number of factors, not the least of which is how much debt you have. Most financial experts recommend spending no more than 30 percent of your income on housing. To determine how much a buyer should earn to stay within that limit, we asked the economists at Zillow to run a basic calculation, assuming a 20 percent down payment and a 30-year, fixed-rate mortgage at 4.5 percent. They told us that a home buyer would need an annual salary of at least $48,642. The monthly mortgage payment would be $1,216.

Within the $300,000 price range, the type of home you can buy varies greatly. In pricey urban areas, it is more likely to be a condo than a single-family house. We found a mix of properties, from a studio condo in Adams Morgan to a four-bedroom house in Manassas.

We also looked across the country to see what you can get at that price point. In Seattle, where the median sale price is $560,250, we found a one-bedroom condo. In Madison, Wis., and Asheville, N.C., where the median sale prices are $224,300 and $255,625, respectively, we found single-family homes.

Wondering what you can buy for $300,000? Here’s what we found:

District

1851 Columbia Rd. NW, Washington, D.C. (Photo by Jenn Verrier)

1851 Columbia Rd. NW No. 303

Washington, D.C. 20009

Price: $299,900. Price per square foot: $585.

0 bedroom, 1 bathroom.

Square footage: 513. Lot size: n/a.

Features: Studio apartment in Adams Morgan has parquet wood floors, faux wood fireplace, updated kitchen with stainless steel appliances and granite countertops. Condo fee: $340 per month.

Agent: Christopher Johnson, Compass.


4322 Gorman Terrace SE, Washington, D.C. (Photo by Dwight Pearson)

4322 Gorman Terr. SE

Washington, D.C. 20019

Price: $289,000. Price per square foot: $347.

3 bedrooms, 2 bathrooms.

Square footage: 832. Lot size: 0.05 acre.

Features: Semi-detached rowhouse in Fort Dupont Park has an updated kitchen with stainless steel appliances and granite countertops, a finished, walkout basement, and a deck with treetop views.

Agent: Dwight Pearson, W.C. & A.N. Miller Realtors.


300 Oklahoma Ave .NE, No. 202, Washington, D.C. (Photo by BTW Images)

300 Oklahoma Ave, NE No. 202

Washington, D.C. 20002

Price: $288,000. Price per square foot: $554.

1 bedroom, 1 bathroom.

Square footage: 520. Lot size: n/a.

Features: One-bedroom apartment near RFK Stadium has updated kitchen with stainless steel appliances and granite countertops, and a full-size washer and dryer in unit. Furniture conveys with full-price offer. Condo fee: $230 monthly.

Agent: Jonathan DeHart, Long & Foster.

Maryland

10416 Montrose Ave., Bethesda, Md. (Courtesy of Rita Liptz)

10416 Montrose Ave. No. M-202

Bethesda, Md. 20814

Price: $289,000. Price per square foot: $297.

2 bedrooms, 1 bathroom.

Square footage: 974. Lot size: n/a.

Features: The unit at Parkside Condominium has a traditional floor plan and wood floors. The $410 monthly condo fee includes utilities, use of pool, tennis court, tot lot, baseball field, picnic area and clubhouse. The unit comes with two parking spaces.

Agent: Rita Liptz, Long & Foster.


7007 Sherrif Rd., Hyattsville, Md. (Photo by House Lens)

7007 Sheriff Rd.

Hyattsville, Md. 20785

Price: $300,000. Price per square foot: $258.

4 bedrooms, 3 bathrooms.

Square footage: 1,164. Lot size: 0.32 acre.

Features: The 1995 two-story split-level home has a two-car garage and supplemental solar power. A rear deck overlooks the secluded back yard.

Agent: Eric Harris, Long & Foster.


561 Melissa Ct., Arnold, Md. (Photo by HomeJab/Curt Ellis)

561 Melissa Ct.

Arnold, Md. 21012

Price: $289,900. Price per square foot: $191.

3 bedrooms, 3 bathrooms.

Square footage: 1,520. Lot size: 0.05 acre.

Features: Three-level townhouse in Ulmstead Gardens has a private back deck, two assigned parking spaces, and an updated kitchen with white cabinetry, stainless steel appliances and granite countertops. HOA fee: $51 monthly.

Agent: Diane Donnelly, Keller Williams.

Virginia

1303 Walter Reed Dr., No. 3302, Arlington, Va. (Courtesy of Pat Shannon )

1303 Walter Reed Dr. No. 3302

Arlington, Va. 22204

Price: $300,000. Price per square foot: $308.

2 bedrooms, 1 bathroom.

Square footage: 974. Lot size: n/a.

Features: Top-floor garden condo has an updated kitchen with stainless steel appliances, granite countertops, skylight, fireplace, in-unit washer and dryer. Building has swimming pool and gym. Condo fee: $399 monthly.

Agent: Patricia Shannon, Long & Foster.


2 Briarwood Dr., Dumfries, Va. (Courtesy of Ryan Homes)

2 Briarwood Dr.

Dumfries, Va. 22026

Price: $299,990. Price per square foot: $182.

3 bedrooms, 3 bathrooms.

Square footage: 1,648. Lot size: n/a.

Features: The Matisse model at the Briarwood development by Ryan Homes is a to-be-built two-level townhouse-style condo with a one-car garage. HOA fee: $121 monthly.

RyanHomes.com/Briarwood or 703-441-6329.


9108 Amherst Ct., Manassas, Va. (Courtesy of Jill Long)

9108 Amherst Ct.

Manassas, Va. 20111

Price: $299,000. Price per square foot: $185.

4 bedrooms, 2 bathrooms.

Square footage: 1,614. Lot size: 0.26 acre.

Features: The 1963 split-level home in the Loch Lomond subdivision has hardwood floors. The family room on the lower level has a door that leads to a back yard with a raised bed garden and a storage shed.

Agent: Jill Long, Century 21.

National

305 Clemons Ave., Madison, Wisc. (Courtesy of Solidarity Realty)

305 Clemons Ave.

Madison, Wis. 53704

Price: $299,900. Price per square foot: $234.

4 bedrooms, 2 bathrooms.

Square footage: 1,280. Lot size: 0.07 acre.

Features: The 1914 home in a quiet cul-de-sac has many of its original details, an enclosed porch, and a fenced back yard with a patio and garden beds. It’s near parks and lakes.

Agent: Darcy Haber, Solidarity Realty.


25 S. Haven Rd., Asheville, N.C. (Photo by Joseph Fluty/Asheville Real Estate Photography)

25 S. Haven Rd.

Asheville, N.C. 28804

Price: $299,900. Price per square foot: $136.

3 bedrooms, 3 bathrooms.

Square footage: 2,201. Lot size: 2.7 acres.

Features: Built in 2000, the Cape Cod-style house in the Woodland Acres community is less than a 15-minute drive from downtown. It has more than 900 square feet of porch and decks, a large garage, and a storage shed.

Agent: Rory Heller, Keller Williams


756 N. 72nd St., Seattle, Wash. (Courtesy of the Go Knowles Team)

756 N. 72nd St. No. 101

Seattle, Wash. 98103

Price: $299,950. Price per square foot: $502.

1 bedroom, 1 bathroom.

Square footage: 597. Lot size: n/a.

Features: The one-bedroom condo is one block from Green Lake. It has a wood-burning fireplace, a private patio and garage parking. Condo fee: $333 per month.

Agent: Sheryl Knowles, Keller Williams.